botconnect is the clear example of how greedy and stupid people are. Everybody knows it is a ponzi and soon o later it's gonna collapse. But still they are investing money in it.
Hello holy and righteous one let them be it's their money anyway, it's the reality of the crypto world just take a look at what happen last week to Bitcoin I know it's a ponzi scheme and I know it will soon crash but I will let an idiot like you tell me where to invest my money and when to cashout because it's none of your business.
Dude.. according to your posts you are just
another asshole who is actively promoting bitconnect scam ! Only idiot can compare bitcoin to bitconnect. There is no crypto currency on the market which offers same scammy lending program.
For 10,000$+, they claim that you get a guaranteed 0.25% daily interest, which means 91.25% guaranteed return per year. Not only that, but they claim that you get an extra up to 480% per year. Add to that the referral system, which pays your referral 7% of every investment or reinvestment you make, and his referral gets 3%, and his referral gets 1% and so on, until the 11th referral, adding up to more than 12%. So if you invest the same amount 3 times in a year, they would pay your referrals 36%+ of your initial investment. This all adds up to a guaranteed 127.25%+ guaranteed, risk-free interest per year, not even counting reinvesting your interest.
There is no legitimate business on Earth that will be able to pay this interest rate to its customers risk-free, plus another up to 480%.This is the definition of a Ponzi Scheme. The question now is how long until it explodes? What will the effect be in general crypto market?
This is what you guys and myself should be worrying about is the crash that's going to occur after they dump their BTC, in which case we will all have the oppurtunity for more BTC so I plan on making whatever remainders left in my capital investment off the crash and recover that occurs when they dump. I have about 75K spread accross BTC/DCT/ETH/XRP... and yes, I know it's a PONZI, but if you're getting an oppurtunity to hopefully double the money why not, worst case scenario they close and i lose 10k, but my counter to that will be to buy at the dip with about 30-40K and then sell after 25% recovery and boom I'm even.
Either way, it's like locking your btc away in cold for 4 months and it will probably double regardless (which is what they're majorily doing), so I see this profiting them much more heavily then their lenders.
If you read my thread I said I got numbers , back up plans and much more.. I will not leave at a loss from this in the end game. Profit or even at worst.
Note: I do not plan on putting effort towards advertising my REF link, as I do not promote these things myself... to me it's the same as putting money in any crypto, one day you might wake up and it's gone to shit... so make your own decisions there is no point in making accusations when the obvious is SOOO OBVIOUS.